Slide 1: FY24 Results Presentation
FY24 RESULTS PRESENTATION NZONE | SKYDIVE | NEW ZEALAND EXPERIENCE CO LIMITED | FY24 RESULTS | AUGUST 2024
Slide 2: Disclaimer
DISCLAIMER Summary information This presentation has been prepared by Experience Co Limited (ASX: EXP) contains summary information about EXP and its related bodies corporate and their activities. The information in this presentation is of a general background nature and does not purport to be compl
Slide 3: Agenda
AGENDA BUSINESS UPDATE 4 FINANCIAL UPDATE 9 TRADING UPDATE & OUTLOOK 14 TREETOPS ADVENTURE | CANBERRA | AUSTRALIA EXPERIENCE CO LIMITED | FY24 RESULTS | AUGUST 2024 3
Slide 4: Business Update
BUSINESS UPDATE EXPERIENCE CO LIMITED | FY24 RESULTS | 21 AUGUST 2024 REEF MAGIC | CAIRNS | AUSTRALIA 4
Slide 5: Financial Highlights
FINANCIAL HIGHLIGHTS FY24 $127.0m +17% PCP (3) $14.4m +27% PCP (3) $8.2m (5%) PCP (3) $7.9m +93% PCP (3) Sales Revenue Underlying EBITDA1 Cash & cash equivalents Skydiving Underlying EBITDA1 $(0.1m) +80% PCP (3) $9.2c (3%) PCP (3) ($8.9m) 31% PCP (3) $14.1m +4% PCP (3) Net loss after tax NTA per sha
Slide 6: FY24 Business Update
FY24 BUSINESS UPDATE Skydiving continued its recovery whilst Adventure Experiences growth was moderated by impacts of Tropical Cyclone Jasper on Reef Unlimited operations and Q4 weather impacting NSW Treetops Adventure sites SKYDIVING ADVENTURE EXPERIENCES FY24 Sales Revenue : $62.1m FY24 Sales Reve
Slide 7: Australia's Inbound Demand Recovery Continues
AUSTRALIA’S INBOUND DEMAND RECOVERY CONTINUES Aviation seat capacity remains close to 100% of 2019 volumes whilst Holiday volumes continue to be greater than VFR(1) and are now at 82% of pre- pandemic levels CAPACITY ARRIVALS & OUTBOUND VFR(1) & HOLIDAY Aviation Capacity to Australia Visitor Arrival
Slide 8: Australia's Inbound Demand Recovery Continues
AUSTRALIA’S INBOUND DEMAND RECOVERY CONTINUES All of Australia’s major inbound markets continued their recovery towards 2019 volumes with China performance reflective of later reopening ABS Short-Term Arrivals Rolling YTD Recovery 1,600,000 140% 123% 1,400,000 120% 104% 1,200,000 96% 97% 100% 87% 86
Slide 9: Financial Update
FINANCIAL UPDATE EXPERIENCE CO LIMITED | FY24 RESULTS | AUGUST 2024 TREETOPS ADVENTURE | CANBERRA | AUSTRALIA
Slide 10: Financial Performance
FINANCIAL PERFORMANCE Strongest annual result since the pandemic despite Tropical Cyclone Jasper and significant weather disruption in Q4 24 GROUP FINANCIAL OVERVIEW COMMENTARY $ MILLION FY24 FY23 % • Revenue and Underlying EBITDA growth achieved despite challenging weather and macroeconomic conditi
Slide 11: Skydiving
SKYDIVING Strong performance aided by return of inbound markets EARNINGS SUMMARY COMMENTARY Change • Growth driven by improved volumes and operating leverage. $ MILLION FY24 FY23 % • Segment annual volumes reached ~59% of FY19 levels with Q4 SKYDIVING REVENUE 56.7 43.0 32% achieving ~64%, despite ch
Slide 12: Adventure Experiences
ADVENTURE EXPERIENCES Reef Unlimited is the primary growth driver in this segment, maintaining resilience despite weather challenges COMMENTARY EARNINGS SUMMARY • Segment remained the largest contributor to the Group result driven by strong performance from Reef Unlimited. Change $ MILLION FY24 FY23
Slide 13: Balance Sheet and Cash Flow
BALANCE SHEET AND CASH FLOW IMPROVED CASH FLOW GENERATION BALANCE SHEET METRICS COMMENTARY $ MILLION JUN-24 JUN-23 % • Continued rollout of new Treetops Adventure sites/experiences undertaken during the year, influencing net debt increase and investing/financing cash flows. CASH AND CASH EQUIVALENTS
Slide 14: Trading Update & Outlook
TRADING UPDATE & OUTLOOK NZONE | QUEENSTOWN | NEW ZEALAND EXPERIENCE CO LIMITED | FY24 RESULTS | AUGUST 2024 14
Slide 15: Growth in Portfolio
GROWTH IN PORTFOLIO Since 2022, EXP has focussed on organic growth opportunities in its existing portfolio TREETOPS DREAMTIME DIVE & REEF PONTOON SNORKEL • Cape Tribulation opened in July 2022, • Product recalibration at the start of • The Reef Magic Pontoon was temporary closed during December due
Slide 16: Trading Update & Outlook
TRADING UPDATE & OUTLOOK Positive trading outlook for FY25 driven by continued recovery of international leisure tourists and the full-year contributions from new sites JULY 2024 TRADING OUTLOOK • July, a key domestic holiday period, delivered results ahead of PCP(1), with • The Group will continue
Slide 17: Thank You
THANK YOU EXPERIENCE CO LIMITED | FY24 RESULTS | AUGUST 2024 MARIA ISLAND | TASMANIA | AUSTRALIA 17
Slide 18: www.experienceco.com
EXPERIENCECO . @ @ Skydive 9 CALYPSO = ncermacic AUSTRALIA FITZROYISLAND TSSUCGISSS : DAINTREE fy ‘ Algo, Wilder PNG RRHINE = = Gobice HEH, Sates skypive — organs, www.experienceco.com